MAGNUM OPUS TRADING LLC IS NOT AN INVESTMENT ADVISOR AS DEFINED UNDER ANY U.S. STATE AND/OR FEDERAL LAW. THE SERVICE IS DESIGNED SOLELY TO PROVIDE GENERAL EDUCATION AND TRAINING RELATED TO TRADING METHODOLOGY, STRATEGIES AND CONCEPTS. THE COURSE MATERIALS ARE NOT MEANT TO BE A SOLICITATION OR RECOMMENDATION TO BUY, SELL, OR HOLD ANY POSITIONS IN ANY CURRENCY, CRYPTOCURRENCY, COMMODITY, EQUITY, OPTION, FUTURES CONTRACT, BOND, ETC.
WE MAKE NO REPRESENTATION, WARRANTY OR GUARANTEE OF ANY KIND THAT YOU WILL OR SHOULD ACHIEVE ANY PROFITS AT ALL GENERALLY OR OTHERWISE PROFITS SIMILAR TO ANY OF THE RESULTS SHOWN IN ANY ACTUAL PAST TRADES USED IN CASE STUDIES OR USED AS EXAMPLES GENERALLY AS MAY BE CONTAINED IN ANY OF THE COURSE MATERIALS, OR BASED ON ANY SIMULATED TRADES BY YOU OR OTHERWISE BASED ON YOUR USE OF THE SERVICE GENERALLY.
TRADING CURRENCY, CRYPTOCURRENCY, FUTURES, OPTIONS, COMMODITIES, EQUITIES, BONDS, ETC. IS EXTREMELY VOLATILE, AND CARRIES A HIGH LEVEL OF RISK. IT IS EXTREMELY LIKELY THAT YOU WILL SUSTAIN LOSSES OF SOME OR ALL OF YOUR INITIAL CAPITAL. YOU SHOULD NOT ASSUME THAT THE FUTURE PERFORMANCE OF ANY SPECIFIC TRADING METHODOLOGIES, CONCEPTS, STRATEGIES AND/OR TOOLS THAT WE PRESENT OR TEACH WILL BE PROFITABLE OR OTHERWISE PROVIDE EQUAL HISTORICAL OR ANTICIPATED PERFORMANCE LEVEL(S) AS MAY BE REFLECTED IN ANY OF THE COURSE MATERIALS. THE ACTUAL RESULTS OF ANY TRADE OR TRADING/INVESTMENT STRATEGY WILL VARY DEPENDING ON EXECUTION TIME, MARKET LIQUIDITY AND GENERAL MARKET CONDITIONS INCLUDING EXTREME VOLATILITY AT THE TIME OF EXECUTION.
HYPOTHETICAL SIMULATED PERFORMANCE RESULTS (VIA SOFTWARE OR OTHERWISE) HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, THE RESULTS MAY NOT COMPENSATE FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS.
DUE TO VARIOUS FACTORS INCLUDING, BUT NOT LIMITED TO, CHANGING MARKET CONDITIONS, ANY TRADE OPPORTUNITY AND/OR ANY POTENTIAL TRADING TREND MAY ONLY BE VALID FOR A SPECIFIC MOMENT IN TIME OR FOR A SHORT DURATION IN GENERAL. PAST PERFORMANCE MAY NOT BE INDICATIVE OF FUTURE RESULTS.
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MAGNUM OPUS TERMS OF SERVICE
THE FOLLOWING TERMS AND CONDITIONS (“AGREEMENT”) ARE ENTERED INTO WITH MAGNUM OPUS TRADING LLC, A DELAWARE LIMITED LIABILITY COMPANY (“MAGNUM” “WE” OR US”), AND YOU, THE INDIVIDUAL SUBSCRIBER-USER, AND GOVERNS YOUR USE OF OUR MAGNUM OPUS TRADING COURSE SUBSCRIPTION SERVICE (“SERVICE”) AS MADE AVAILABLE ON WWW.THEONELANCEB.COM (“WEBSITE”) AND ON ANY OF OUR VARIOUS ONLINE CHANNELS/PLATFORMS THAT WE MAY UTILIZE FROM TIME TO TIME. THIS AGREEMENT APPLIES TO BOTH PAID MAGNUM OPUS ADVANCED AND ELITE SUBSCRIBERS AND MAGNUM OPUS TRAINEE SUBSCRIBERS ELECTING TO USE OUR FREE CONTENT.
”YOU” OR “YOUR” SHALL BE USED INTERCHANGEABLY THROUGHOUT THIS AGREEMENT AND MEAN YOU INDIVIDUALLY, OR THE ENTITY YOU REPRESENT ACCEPTING THESE TERMS IF APPLICABLE., IF YOU ARE ENTERING INTO THIS AGREEMENT ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, YOU REPRESENT THAT YOU HAVE THE AUTHORITY TO BIND SUCH ENTITY TO THESE TERMS AND CONDITIONS. Â IF YOU DO NOT HAVE SUCH AUTHORITY, OR IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS, YOU MUST NOT ACCEPT THIS AGREEMENT AND MAY NOT USE THE SERVICE.
BY ACCEPTING THIS AGREEMENT BY CLICKING THE I ACCEPT BUTTON, YOU ACKNOWLEDGE THAT YOU HAVE READ THIS AGREEMENT IN ITS ENTIRETY, THAT YOU UNDERSTAND THIS AGREEMENT AND THAT YOU ARE ENTERING INTO A LEGALLY BINDING AGREEMENT WITH MAGNUM.
YOU MUST BE AT LEAST 18-YEARS OF AGE AND BE CONSIDERED TO BE A LEGAL ADULT IN THE JURISDICTION IN WHICH YOU RESIDE IN ORDER TO ACCESS AND USE THE SERVICE. BY ENTERING INTO THIS AGREEMENT, YOU REPRESENT TO US THAT YOU ARE AT LEAST 18 YEARS OF AGE.
THE ACCESS RIGHTS GRANTED TO YOU PURSUANT TO THIS AGREEMENT SHALL ONLY BE GRANTED TO YOU UPON YOUR ACCEPTANCE OF ALL OF THE FOLLOWING TERMS AND CONDITIONS:
1.1. Service Access Rights. Subject to Your continued compliance with this Agreement, You are hereby granted with the non-exclusive, non-transferable and revocable limited right to access and use all separate written and digital course materials made available on our Website and/or on U-Screen, YouTube and any of our other separate social media channels or other online platforms that We may elect to utilize (“Course Materials”), for the term set forth in Section 1.3 below, and as made available to You based on whether You are a free trainee user or a paid Advanced or Elite subscriber-user as described on our Website. We shall exclusively retain all rights not expressly granted to You as set forth in this Agreement in and to the Website (including any and each separate component comprising the Website) together with all trademarks, trade secrets and any other proprietary rights inherent therein and related thereto. Access and use rights in and to the Service are being granted and not sold to You under the terms and conditions of this Agreement. In our sole discretion, we may set, impose or enforce limits on Your use, or restrict Your access to some or all of the Course Materials, change, discontinue, suspend or terminate the availability of some or all of the Course Materials or any other separate feature of the Service at any time for any reason with or without notice to You. We will not be liable to You for any damages of any kind as a result of any such future restriction, modification, deletion, discontinuation, suspension and/or termination. Your ability to access and use the Service and any separate Course Materials in connection therewith may require the payment of third party fees and charges (including but not limited to fees and charges such as Internet service provider fees, or fees or taxes imposed on Internet services, including any sales or use taxes, by governmental agencies). You are responsible for paying all such fees, charges and taxes. We are not responsible for any equipment You may need to be able to access or use the Service.
1.2. Registration & User Accounts. You are required to register and create an account through U-screen in order to utilize the Service. Once You provide the requested information during the registration process, an account will be automatically created. You warrant and represent to us that any information You provide during registration is accurate and current. You will be required to maintain and update the user registration information as required to keep your information complete and accurate at all times. We may, in our discretion, terminate, suspend, or modify Your registration with, or access to, all or part of the Website and the Service, without notice, at any time if We discover that You have provided untrue, inaccurate or incomplete registration information. You will be required to create a user ID and password to log-in to access the Course Materials from your U-screen dashboard. You can use this log-in information (or Your Google account credentials) to access the Service on our Website and as provided through any of our other social media channels and online platforms at any time. It is Your responsibility at all times to maintain the security and confidentiality of your account information, including your user ID and password information. We are not responsible and shall have no liability to You for any misuse or unauthorized access or use of Your account. You agree that You shall be the only user of Your account and will not allow others to use Your account information to log-in and access this Website other than has may be expressly allowed under your license rights stated in this Agreement. You agree that we may act in reliance, without investigation, upon any of Your log-In information.
1.3. Subscription Term & Termination. The initial term covering Your right to access and use the Service shall be equal to either one (1) year (the “Initial Term”) beginning on the date this Agreement is entered into by You and shall automatically renew for successive one (1) year periods thereafter, or shall automatically renew each month successively thereafter, depending on Your subscription package (Advanced or. Elite), unless terminated by either party as set forth in this Section 1.3. Magnum may terminate this Agreement and/or discontinue providing You with access to the Service at any time for any reason not prohibited by law and without any notice to You, permanently or temporarily, including, but not limited to, if we are unable to access or use any of the third-party services required to operate the Service, or any such services are discontinued, become obsolete or are otherwise not commercially available. We shall not be liable to You or to any third-party for any loss caused by any termination of the Service or termination of Your access to the Service including any damage or loss to any data, computers, systems, or networks. Magnum may elect to terminate this Agreement at any time in addition to any other remedy Magnum may have under this Agreement due to any breach by You of any term hereof without advance notice to You. Upon termination, Your access to the Service and any Course Materials will be disabled and You will immediately cease all use of this Service.
1.4. Force Majeure. Notwithstanding the foregoing, Magnum will not be liable to You for any failure or delay in the availability of the Service during the Term or any renewal term due to causes beyond its reasonable control, which may include, without limitation, inability to obtain and/or denial of services essential to operation of the Service, or malicious attacks, telecommunications failure or degradation, pandemics, epidemics, public health emergencies, governmental orders and acts, material changes in law, war, terrorism, riot, or acts of God.
4.1. Subscription Fee Payment. You agree to pay either an annual fee or monthly fees, depending upon the package and/or payment interval chosen by You in exchange for the access rights being granted to You herein (“Subscription Fee” or “Subscription Fees”). Subscription packages and corresponding subscription fees are posted on our Website and shown on the U-screen join/registration page at the time You register and create an account. Magnum shall have the right to decrease or increase the amount of the applicable Subscription Fee for any of its offered packages, or We shall have the right to re-structure or terminate any specific subscription package at any time beginning after the expiration of the Initial Term by sending an email with notice to You before such change becomes effective. Any increase shall be effective beginning in the next subsequent renewal term and shall not apply to the remainder of the then-current term in which You may receive any such increase notice by us. We are not responsible for pricing, typographical, or other errors in any offer or price stated on this Website or this Agreement and we reserve the right to cancel any subscriptions (and corresponding payment) arising from such errors.
4.1.1. AUTOMATIC, RECURRING PAYMENT. Your credit card or other payment method You provide will be automatically charged in the applicable amount stated above either i) each month for Advanced subscribers electing to pay for the annual subscription Term on a monthly basis, and immediately upon the expiration of the Initial Term and then continuing each month thereafter during each subsequent renewal term, and ii) upon the expiration of each subsequent monthly renewal term and continuing each month thereafter during each subsequent renewal term for Elite subscribers, unless otherwise stated in this Agreement. FAILURE TO TERMINATE THIS AGREEMENT BEFORE 11:59 P.M. EST ON THE LAST DAY OF THE INITIAL TERM OR ANY SUBSEQUENT MONTHLY RENEWAL TERM BY NOTIFYING MAGNUM VIA EMAIL SHALL BE DEEMED TO BE AN IRREVOCABLE WAIVER BY YOU OF YOUR RIGHT TO TERMINATE THIS AGREEMENT AFTER THE COMMENCEMENT OF ANY SUBSEQUENT RENEWAL TERM. YOU ACKNOWLEDGE AND AGREE THAT YOUR FAILURE TO CANCEL THIS AGREEMENT BEFORE THE END OF THE INITIAL TERM OR ANY SUBSEQUENT RENEWAL TERM WILL RESULT IN AUTOMATIC, RECURRING CHARGES TO YOUR CREDIT/DEBIT CARD OR OTHER PAYMENT METHOD YOU HAVE PROVIDED FOR THE TOTAL SUBSCRIPTION FEE DUE FOR THE SUBSEQUENT RENEWAL TERM AND UPON THE DATE(S) DUE AS STATED ON OUR WEBSITE AND UNDER THE TERMS OF THIS AGREEMENT UNTIL YOU CANCEL YOUR SUBSCRIPTION WITH US.
4.2. CANCELLATION: You may cancel your subscription at any time before the expiration of the Term or any Renewal Term for any reason by directly through Your U-Screen account dashboard. Upon any cancellation, we will no longer debit your credit card or other payment method. You shall have the right to terminate this Agreement at any time before 11:59 p.m. CST on the expiration date of the Initial Term or any subsequent renewal term by simply sending an email to our designated representative electing not to renew this Agreement.
4.3. NO REFUNDS OR CREDITS. There will be no refunds or credits for any Subscription Fee for partial months of use of the Service upon termination for any reason other than as set forth in Section 12 due to Your non-acceptance of any modifications to this Agreement. All Subscription Fees are exclusive of all taxes or duties imposed by governing authorities. You are solely responsible for the payment of all such taxes or duties. Magnum may terminate this Agreement and Your access and use rights for non-payment of any sums due hereunder without notice to You.
6.1. NOT INVESTMENT ADVICE. MAGNUM IS NOT AN INVESTMENT ADVISOR AS DEFINED UNDER ANY U.S. STATE AND/OR FEDERAL LAW. TO THE EXTENT THAT ANY OF THE COURSE MATERIALS OR THE SERVICE IN GENERAL MAY BE DEEMED TO BE INVESTMENT ADVICE, SUCH INFORMATION IS IMPERSONAL AND NOT TAILORED TO THE INVESTMENT NEEDS OF ANY SPECIFIC PERSON. WE DO NOT OFFER INITIAL OR ONGOING INDIVIDUAL PERSONALIZED INVESTMENT ADVICE, INVESTMENT REPORTING, INVESTMENT SUPERVISORY OR INVESTMENT MANAGEMENT SERVICES. THE SERVICE IS DESIGNED SOLELY TO PROVIDE GENERAL EDUCATION AND TRAINING RELATED TO TRADING METHODOLOGY, STRATEGIES AND CONCEPTS IN ORDER TO HELP YOU IDENTIFY AND EVALUATE POTENTIAL TRADING OPPORTUNITIES. USE OF THE SERVICE IS NOT A SUBSTITUTE FOR ONGOING INDIVIDUAL PERSONALIZED ADVICE FROM AN INVESTMENT PROFESSIONAL OR OTHER INVESTMENT SERVICE. THE COURSE MATERIALS ARE NOT MEANT TO BE A SOLICITATION OR RECOMMENDATION TO BUY, SELL, OR HOLD ANY POSITIONS IN ANY CURRENCY, CRYPTOCURRENCY, COMMODITY, EQUITY, OPTION, FUTURES CONTRACT, BOND, ETC. ANY LIVE TRADES AND/OR POSITIONS WE MAY REFERENCE ARE USED STRICTLY AS EXAMPLES AND ARE MERELY INCIDENTAL TO THE EDUCATIONAL TRAINING WE PROVIDE. ANY TRADE YOU MAKE SHOULD ONLY BE MADE ACCORDING TO YOUR OWN OPINION, KNOWLEDGE AND EXPERIENCE. YOU ASSUME THE SOLE RISK OF ANY TRADE OR INVESTMENT YOU ELECT TO MAKE BASED ON YOUR USE OF THE INFORMATION CONTAINED IN ANY COURSE MATERIALS. YOU ARE ENCOURAGED TO ALWAYS SEEK ADVICE FROM AN INDEPENDENT, LICENSED FINANCIAL PROFESSIONAL IN ORDER TO BE AWARE OF ALL THE RISKS ASSOCIATED WITH ANY SPECIFIC TRADE OR INVESTMENT YOU SEEK TO MAKE IN GENERAL.
6.2. NO REPRESENTATIONS OR GUARANTEES. WE MAKE NO REPRESENTATION, WARRANTY OR GUARANTEE OF ANY KIND THAT YOU WILL OR SHOULD ACHIEVE ANY PROFITS AT ALL GENERALLY OR OTHERWISE PROFITS SIMILAR TO ANY OF THE RESULTS SHOWN IN ANY ACTUAL PAST TRADES USED IN CASE STUDIES OR USED AS EXAMPLES GENERALLY AS MAY BE CONTAINED IN ANY OF THE COURSE MATERIALS, OR BASED ON ANY SIMULATED TRADES BY YOU OR OTHERWISE BASED ON YOUR USE OF THE SERVICE GENERALLY.
6.3. IMPORTANT RISK NOTICE. TRADING CURRENCY, CRYPTOCURRENCY, FUTURES, OPTIONS, COMMODITIES, EQUITIES, BONDS, ETC. IS EXTREMELY VOLATILE, CARRIES A HIGH LEVEL OF RISK AND IS NOT SUITABLE FOR EVERYONE. THIS RISK IS INCREASED BY USING MARGIN AS LEVERAGE, WHICH IS DANGEROUS AND CAN WORK AGAINST YOU. BEFORE DECIDING TO MAKE ANY TRADES, YOU SHOULD CAREFULLY CONSIDER YOUR LEVEL OF EXPERIENCE AND RISK TOLERANCE. IT IS EXTREMELY LIKELY THAT YOU WILL SUSTAIN LOSSES OF SOME OR ALL OF YOUR INITIAL CAPITAL AND THEREFORE YOU SHOULD NOT TAKE A POSITION IN ANY TRADE USING CAPITAL THAT YOU CANNOT AFFORD TO LOSE. ANY GIVEN TRADE YOU ELECT TO MAKE MAY BE SUBJECT TO EXTREMELY HIGH VOLATILITY THAT MAY NOT BE PREDICTABLE AND THAT CAN RESULT IN SIGNIFICANT PERCENTAGE LOSSES, OR THE COMPLETE LOSS, OF THE CAPITAL YOU ALLOCATE. PAST PERFORMANCE MAY NOT BE INDICATIVE OF FUTURE RESULTS. THEREFORE, YOU SHOULD NOT ASSUME THAT THE FUTURE PERFORMANCE OF ANY SPECIFIC TRADING METHODOLOGIES, CONCEPTS, STRATEGIES AND/OR TOOLS THAT WE PRESENT OR TEACH WILL BE PROFITABLE OR OTHERWISE PROVIDE EQUAL HISTORICAL OR ANTICIPATED PERFORMANCE LEVEL(S) AS MAY BE REFLECTED IN ANY CASE STUDIES OR OTHER EXAMPLES USED IN THE COURSE MATERIALS. THE ACTUAL RESULTS OF ANY TRADE OR TRADING/INVESTMENT STRATEGY WILL VARY DEPENDING ON EXECUTION TIME, MARKET LIQUIDITY AND GENERAL MARKET CONDITIONS INCLUDING EXTREME VOLATILITY AT THE TIME OF EXECUTION.
6.4. SIMULATED RESULTS. HYPOTHETICAL SIMULATED PERFORMANCE RESULTS (VIA SOFTWARE OR OTHERWISE) HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, THE RESULTS MAY NOT COMPENSATE FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY, CURRENT NEWS EVENTS, NO ANALOGOUS PAST MARKET ENVIRONMENT, ETC. WE MAKE NO REPRESENTATION THAT YOU WILL OR ARE LIKELY TO ACHIEVE PROFITS SIMILAR TO THOSE SHOWN IN ANY SIMULATED BACKTESTING OR FORECASTING YOU MAKE BASED ON ANY OF THE RECOMMENDATIONS AND/OR TRADING CONCEPTS, TOOLS OR STRATEGIES CONTAINED IN ANY OF THE COURSE MATERIALS. ALL TRADES CARRY RISKS REGARDLESS OF THE PROBABILITY OF OBTAINING RESULTS SIMILAR TO ANY HYPOTHETICAL SIMULATED RESULTS. UNKNOWN FUTURE EVENTS OR MARKET CONDITIONS CAN CREATE UNFORESEEN LOSSES.
6.5. TRADING OPPORTUNITIES & TRENDS. YOU SHOULD INDEPENDENTLY EVALUATE AND DETERMINE WHETHER TO ACT UPON ANY INDIVIDUAL TRADING OPPORTUNITIES, WHETHER AS PART OF ANY CURRENT IDENTIFIED TRENDS OR OTHERWISE, IN CONNECTION WITH YOUR USE OF THE SERVICE. DUE TO VARIOUS FACTORS INCLUDING, BUT NOT LIMITED TO, CHANGING MARKET CONDITIONS, ANY TRADE OPPORTUNITY AND/OR ANY POTENTIAL TRADING TREND MAY ONLY BE VALID FOR A SPECIFIC MOMENT IN TIME OR FOR A SHORT DURATION IN GENERAL. PAST PERFORMANCE MAY NOT BE INDICATIVE OF FUTURE RESULTS.
6.6. THIRD-PARTY PROVIDERS. The Service may contain links, references or recommendations to third-party service or product providers. Your use or purchase of any product or service provided by any third-party service provider is governed by the terms, conditions and rules imposed by such third-party service provider and not by these Terms. You agree to look only to such third-party providers for the provision of such product or service or for satisfaction of any claim you may have related to such product or service. Magnum shall not be held liable to You whatsoever in connection with any third-party product or service. We may reference or recommend to You for any loss or damages caused or alleged to have been caused by Your use of such product or service. While We may review and use the products and services of any such recommended third-party providers, You should not rely on our recommendation and should determine whether any such recommended provider is appropriate for Your individual circumstances. We do not make any representations or warranties to You of any kind as to the performance, accuracy, timeliness, suitability, completeness, or relevance of any products, services and/or information provided by any affiliated or unaffiliated third-party service provider referenced or recommended by Us in any of the Course Materials.
6.7. DOWN TIME DISCLAIMER. The Course Materials provided as part of the Service as made available to You on our Website and/or any of our other social media channels or other online platforms may be unavailable, whether due to periodic maintenance by Magnum, unavailability from the acts or omissions of third-party platform providers, or for other reasons outside of our control. Magnum shall not have any liability to You of any kind whatsoever for any Service interruptions or downtime regardless of the duration of such interruption that may restrict Your access and use of the Service including, but not limited to, the inability to access any Course Materials, for any of the following reasons: (i) periodic maintenance (notice of which may be emailed to the email address You provide to Magnum in relation to Your account), (ii) any reason described in the section regarding Force Majeure contained in Section 1.4, (iii) Your inability to connect to or to access the Service and the Course Materials due to problems related to Your computer/device hardware, wireless Internet network, Your Internet service provider, or any other similar problem, or (iv) unavailability from the acts or omissions of any third-party platform providers We use to provide any Course Materials to You as part of the Service. You understand and acknowledge that You have been made aware of this possibility and You assume this risk before electing to use the Service or pay any Subscription Fees.
IN ALL CASES, PAID SUBSCRIBERS SHALL BE LIMITED IN THEIR RECOVERY FROM MAGNUM FOR ANY AND ALL DAMAGES OF ANY KIND OR NATURE BASED ON ANY BREACH OF THIS AGREEMENT BY US (OR OTHERWISE) TO THE TOTAL AMOUNT OF ALL SUBSCRIPTION FEES PAID TO US BY SUCH SUBSCRIBER PRIOR TO THE DATE OF THE ASSERTION OF THE CLAIM.
FREE TRAINEE SUBSCRIBERS SHALL BE LIMITED IN THEIR RECOVERY FROM MAGNUM FOR ANY AND ALL DAMAGES OF ANY KIND OR NATURE THAT SUCH SUBSCRIBER SHOULD INCUR BASED ON ANY BREACH OF THIS AGREEMENT BY US OR OTHERWISE TO THE TOTAL SUM OF $500.00.
YOU ACKNOWLEDGE YOU ARE WAIVING RIGHTS CONCERNING CLAIMS THAT ARE UNKNOWN OR ARE UNSUSPECTED. ACCORDINGLY, YOU AGREE TO WAIVE THE BENEFIT OF AND YOUR RIGHTS UNDER ANY LAW THAT OTHERWISE MIGHT LIMIT WAIVER OF SUCH CLAIMS, TO THE FULLEST EXTENT PERMITTED BY LAW.
Notwithstanding the foregoing, to the extent You have in any manner violated or threatened to violate Magnum’s intellectual property rights or any of the terms of Sections 2 and/or 3 hereof, Magnum may seek injunctive or other appropriate relief exclusively in a state or federal court located in Cook County, Illinois under the terms of this Agreement and You hereby expressly agree to submit to the personal jurisdiction of such court and consent to extraterritorial service of process for that purpose.
EACH PARTY MUST NOTIFY THE OTHER PARTY IN WRITING VIA CERTIFIED U.S. MAIL OF ANY CLAIMS ARISING OUT OF OR RELATED TO THE SERVICE REQUIRED TO BE RESOLVED BY BINDING ARBITRATION THAT SUCH PARTY INTENDS TO SUBMIT TO ARBITRATION PURSUANT TO THIS SECTION WITHIN ONE (1) YEAR AFTER THE EARLIER OF I) THE DATE THE ACT GIVING RISE TO THE CLAIM FIRST OCCURS, OR II) THE DATE THE CLAIMING PARTY DISCOVERS THE EXISTENCE OF ANY SUCH CLAIM, WHICH SHALL BE DEFINED AS THE DATE SUCH PARTY SHOULD HAVE DISCOVERED THE EXISTENCE OF THE FIRST ACT GIVING RISE TO THE CLAIM IF THAT DATE IS EARLIER THAN THE ACTUAL DISCOVERY DATE HAD SUCH PARTY USED EITHER CUSTOMARY AND/OR COMMERCIALLY PRUDENT PRACTICES REASONABLY EXPECTED TO BE USED BY SUCH PARTY UNDER THE CIRCUMSTANCES. OTHERWISE, SUCH CLAIM SHALL BE PERMANENTLY BARRED.